Markets plunged Wednesday, ending near session lows, on accelerating volume. We are clearly in correction mode, and both the Nasdaq and S&P 500 are now firmly below 40 week support. Are we oversold? Of course. [...]

Markets recorded another roller coaster day, as they shrugged off early weakness, went positive, then bled into then close to finish near their lows. Again this is classic bearish action. The Nasdaq is now a [...]